Following the submission of indicative bids, the ministry will take about a month to prepare a shortlist before giving the selected bidders six-eight weeks to submit detailed proposals. An award is anticipated by the end of the year. Cegco has total generating capacity of 1,633 MW, primarily from the 656-MW Aqaba power station and the 396-MW Hussain plant.

When the Cegco sale is complete, Amman is planning to sell off 100 per cent of Electricity Distribution Company (Edco) and its 55.4 per cent stake in Irbid District Electricity Company.

The London office of NM Rothschildis advising the government on the power privatisation programme.